Czech Republic: Bed-Convertible Seat Market 2024

Bed-Convertible Seat Market Size in the Czech Republic

The Czech bed-convertible seat market surged to $X in 2021, growing by 50% against the previous year. In general, consumption enjoyed a strong increase. Bed-convertible seat consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Bed-Convertible Seat Production in the Czech Republic

In value terms, bed-convertible seat production skyrocketed to $X in 2021 estimated in export price. In general, production, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by 132%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Bed-Convertible Seat Exports

Exports from the Czech Republic

In 2021, exports of seats convertible into beds from the Czech Republic rose to X units, increasing by 2.5% against the previous year's figure. In general, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 168%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, bed-convertible seat exports reached $X in 2021. Overall, exports showed buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 169%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Switzerland (X units) was the main destination for bed-convertible seat exports from the Czech Republic, accounting for a 78% share of total exports. Moreover, bed-convertible seat exports to Switzerland exceeded the volume sent to the second major destination, Slovakia (X units), fivefold. The third position in this ranking was held by Turkey (X units), with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Switzerland totaled +47.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+24.7% per year) and Turkey (-10.5% per year).

In value terms, Switzerland ($X) remains the key foreign market for seats convertible into beds exports from the Czech Republic, comprising 75% of total exports. The second position in the ranking was taken by Slovakia ($X), with an 18% share of total exports. It was followed by Turkey, with a 3.5% share.

From 2012 to 2021, the average annual growth rate of value to Switzerland amounted to +44.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+32.6% per year) and Turkey (-11.2% per year).

Export Prices by Country

In 2021, the average bed-convertible seat export price amounted to $X per unit, therefore, remained relatively stable against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 6.8% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the countries with the highest prices were Slovakia ($X per unit) and Turkey ($X per unit), while the average price for exports to Switzerland ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+6.3%), while the prices for the other major destinations experienced a decline.

Bed-Convertible Seat Imports

Imports into the Czech Republic

In 2021, purchases abroad of seats convertible into beds increased by 29% to X units, rising for the third year in a row after two years of decline. In general, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of 111%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, bed-convertible seat imports soared to $X in 2021. Over the period under review, imports recorded a buoyant increase. The growth pace was the most rapid in 2019 with an increase of 94%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Poland (X units) constituted the largest bed-convertible seat supplier to the Czech Republic, accounting for a 85% share of total imports. Moreover, bed-convertible seat imports from Poland exceeded the figures recorded by the second-largest supplier, Romania (X units), more than tenfold. The third position in this ranking was taken by Slovakia (X units), with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Poland totaled +18.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+18.2% per year) and Slovakia (+11.9% per year).

In value terms, Poland ($X) constituted the largest supplier of seats convertible into beds to the Czech Republic, comprising 87% of total imports. The second position in the ranking was taken by Romania ($X), with a 6% share of total imports. It was followed by Ukraine, with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Poland amounted to +21.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+19.2% per year) and Ukraine (+167.0% per year).

Import Prices by Country

In 2021, the average bed-convertible seat import price amounted to $X per unit, with an increase of 4.9% against the previous year. Over the last nine years, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2013 an increase of 60% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Ukraine ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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